for jon erlichman, i am kriti gupta.s is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. mark: keeping you up-to-date with news from around the world here is the first word. ukraine is improving defenses against russia over the winter. the alliance's secretary general vowed nato will stand with ukraine as long as it takes. >> this is a critical time for our security and we are sending an important message. nato is here. nato is vigilant. and nato will defend every inch of allied territory. mark: the secretary general also said the war has demonstrated what he ca

i'm jon erlichman.ng across toronto equity desks have resumed after an outage across three stock exchanges today. joining us from toronto is jeff morgan. your story is one of the most read on the terminal in the last hour. to say that investors were frustrated by this is putting it mildly. jeff: very frustrated. one said to us that they didn't want to be trading on a "third world exchange." very frustrated to have trading down for about 40 minutes today. another investor said they decided not to trade for the rest of the day. the tmx group, which runs the exchanges, says there are still investigating what caused the connection issue. what happened to create a connection issue? until they can answer that question. another fund managers so that they would avoid the exchange. 440 minutes, to have the toronto stock exchange, alpha markets down, was very frustrating for these fund managers. in addition to that, all the stock whose stickers began with the letter m, all the way through s. in canada, that would

i am here with amber kanwar in for jon erlichman.sk tweeting that twitter is at an all-time twitter usage. elon musk also saying a decision on former president trump's reinstatement has not yet been made. caroline hyde and mandeep singh, senior analyst for technology over at bloomberg. caroline, i want to go to you forced us to you first. i couple days ago, there was an idea of the office being completely shut down and a lot of people saying twitter will not make it through the weekend. what stands out to you? caroline: the fact they had all-time usage but many people are not working there right now. this clear there was a hard-core ultimatum that elon musk was asking people to decide whether they were going to stay and sign up for a new and intense version of twitter. there were a lot of these emojis and people saluting. many decided to leave the business and they had to make a u-turn and softer view over whether you can work from home. trying to bring previously fired managers to do the persuasion. there were a lot of concerns that

kriti: this is "bloomberg: markets", i'm kriti gupta alongside jon erlichman.ut staff. ed ludlow is here, you do the reporting on the strikes and now we are hearing from lyft. we have seen this pattern across the board in the tech space which was ahead of the game in hiring. is this an early macro signal we should be paying attention to? ed: and happening very quickly. thursday was astonishing from a layoffs perspective. twitter is slightly anomalous in the sense that elon musk we are told is going to cut 50% of had cut -- headcount but that is a unique situation where he is coming in. brought painting is -- the broad picture is macro. -- by extension, weaker times in the payments processing business means fewer payments from consumers. we are trying to get there reaction and the battening down of the hatches from corporate america in anticipation of what is a slowdown in the broader economy. jon: i imagine, because we are talking about a mix of private and public companies, at the end of the day there are some subtle differences and certainly some more notable

for jon erlichman, i am kriti gupta.loomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. >> now keeping you up-to-date with news from around the world. here is the first word. i am mark crumpton. u.s. officials say they have not seen evidence that contradicts the preliminary assessment that a ukrainian air defense missile was behind the strike on a village near the country's border. still, a white house emphasized that russia was ultimately to blame. the european central bank warns that record inflation spells trouble for everyone from households to governments. the

for jon erlichman, i am pretty good. -- kriti gupta. this is bloomberg.business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. >> here is the first word. a suspect has been erected after three university virginia -- a virginia football players were shot and killed. two other students were wounded. the shooting took place on a bus that return soon from a field trip and the bus -- suspect was described as a former university of virginia football player. president biden and xi jinping have charted a path to better ties. they agreed to a series of goodwill gestures.

kriti: on the back of that interview with cathie wood with jon erlichman, ark management snapped up the. his position in gbtc is the first product since july of 2021 essentially that cathie wood is actually buying the dip. it is crucial as we talk about credibility in the industry, which brings us to another major story we have been following. the fallout tied to ftx and the systemic risk not an crypto but beyond as well. let's bring in an expert. sonali basak joins us. what is the latest? sonali: i wanted to review some headlines. the hamas saying ftx's chapter 11 may not be valid. that complicates a lot of what we are seeing today and the days preceding us and days ahead of us were amazing much more information about the structure of ftx and the relationship between ftx, alameda, sam bankman-fried and the customer funds we have been talking about. we have gotten a lot that chapter 11 filing, including details on loans that were made allegedly due to, as evidenced by this filing, loans made from alameda to sam bankman-fried to the tune of $1 billion, plus millions more made to some of

amber: i am amber kanwar in for jon erlichman. kriti: and i am kriti gupta. traders preparing for thanksgiving day and it is an autopilot mode moment. the s&p 500 hovering your session highs. the move is in line with the daily trading rates. down six basis points, 376, but as the yields come down the dollar also weakens. on the back of that we have news coming out of the brent crude space. $89 handle and the idea of a december 4 production hike are not as solid as they once were earlier this week. giving a boost to the commodity, up 2%. amber: we are also tracking retail. this is a number of major retailers that have reported the best-performing stock on the s&p. sales did not blow the door down but signal the worst of the sales declines are behind them. abercrombie & fitch, a store i have long aged out of, but suppressing investors with profit. dollar tree on the flipside offered an outlook that was not necessarily as robust as investors were looking for. one of the things they have gotten into his consumables, food. lower margin business. as people are goin

i am kriti gupta alongside john oakland men -- jon erlichman. as the u.s. elections are expected to usher in a new era of divided government. for the stock market, that sounds like a good thing but for the economy, maybe not so much. the democrats are losing the house majority and possibly the senate as well. keeping an eye on the results across the board and country. joining us now to discuss what is at stake is clayton allen, u.s. director at eurasia group. thank you for joining us especially onset here in washington, d.c. let's start with what is at stake here. we had henrietta treyz join us. she was talking about some of the issues in energy policy but it feels like there's a lot of corporate investigations that may be at stake as well. walk us through your take. >> thank you so much for having me. i would like to reiterate something henrietta said which is you are probably going to see more happen in the next two months than the next two years and one of the results of that is very little room for new legislation in the next two years. a republican hou

. ♪ >> i am in for jon erlichman. welcome to bloomberg markets.riti: but stepped right into the price action. if you look at the dow, it is inching higher. everything to do with disney. we will dive into that story for now, s&p 500 down about 0.3 percent, repairing the losses from earlier. we're looking at 3.82 in the 10-year. it is a holiday week, so you have quite trading, low-volume, all that factoring into the bond market. more volatile than expected is the currency market. check out the dollar, stronger to the tune of 0.8%. it's not even hitting the commodity market by a bigger margin. crude trading in at an 87 handle. those rumors of an increase moving the market lower, then denial from the saudis, moving the market higher. we will dive and all of that in the next 30 minutes. amber: absolutely. i am tracking m&a monday. let's look at biotech in the housing sector in canada. getting taken out, not bad for a country that just went public last summer. housing slowdown in this country help a major investor willing to skip up home capital at more